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London stocks jump as China data fuels recovery hopes

Published 12/01/2020, 04:27 PM
Updated 12/01/2020, 04:30 PM
© Reuters.
UK100
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FTMC
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FTNMX301010
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FTNMX402020
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FTNMX551030
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 1%; FTSE 250 adds 0.9%

Dec 1 (Reuters) - London-listed stocks jumped on Tuesday as
bets of a working COVID-19 vaccine and upbeat factory activity
data from China fuelled hopes of a global economic recovery.
The blue-chip FTSE 100 .FTSE was up 1% as data showed
China's factory activity accelerated at the fastest pace in a
decade in November. Asia-focussed banks .FTNMX8350 and
trade-reliant miners .FTNMX1770 were among the top boosts to
the index by 0819 GMT.
The domestically focussed FTSE 250 .FTMC added 0.9%, as
attention turned to Brexit trade talks with the UK set to leave
the European Union within weeks.
Negotiations are still stuck on fishing, governance rules
and dispute resolution because the European Union is asking too
much, British Prime Minister Boris Johnson's Brexit supremo,
Michael Gove, said on Tuesday. Meanwhile, the FTSE homebuilders index .FTNMX3720 rose 1%
as data showed British house prices rose by the most in nearly
six years in November.

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